In this episode, we are sitting with our Guest Chris Matrecito, a former Mutant Ape owner but still holds digital land in "The Otherside" by Yuga Labs, famously known for their Bored Ape Yacht Club project.Chris walks us through how he got started in Crypto/NFT Market, scams, and future endeavors that hopefully will be propelled with Cryptocurrencies. We talk Bitcoin, Ethereum, Crypto In Hawaii and how we trade crypto in Hawai'i, the future of money and much more on this episode. This is our first interview and first time we learn about a Trader involved with NFT's. Just goes to show how there is so much opportunity out there! We just have to be disciplined and do the work. The harder we work, the luckier we will get!
Resources mention in this episode:
Hawaii Crypto Beta Test: https://www.htdc.org/digital-currency-innovation-lab/
Where you can look at the NFT Market: Opensea.com
NFT tool Chris uses: https://nftgo.io/
For more info, you can find Chris on:
IG: ...
It would be a lie if the monetary aspect of trading wasn't at the foremost of our mind when we got into trading.
In fact, profits is what drives so many people into the market with its endless, lucrative possibilities.
However,
New traders have a misconception that they can become a full-time trader in a year or less. Although possible, it is more than likely not probable of happening. Please read: IT TAKES TIME TO BE PROFITABLE.
Patience is a key aspect of trading.
You need to be patient in a live position.
You need to be patient before you place a trade.
You need patience with yourself and the systems you have in place when you take a loss.
Some of our best trades have occurred when we just let go of hoping and expecting something to happen. We walked away from our computers and let the trade run its course.
During a month long travel, I was trading at my best. In two back to back positions on NZDUSD & EURGBP, I was able to bank about 3% to close the week. It wouldn't...
7 HABITS FOR SUCCESS
Success - the favorable or prosperous termination of attempts or endeavors; the accomplishment of one's goals.
The Fear and Greed index on CNN business is at an extreme fear level at the time of writing this (OCT 2022).
Investors are fearful of the market uncertainty and rising prices.
Fear is a big emotion that can be detrimental to a trader’s profitability. The good part about fear is that every. Single. Human. Experiences fear.
Sometimes in the market it can be difficult to tell if you are trading from a place of fear or greed.
There are four major fears that we discuss in this episode when it comes to trading.
1. Fear of being wrong/wanting to be RIGHT. - requires strong mental fortitude and resiliency. As long as your edge has the probability of positive expectancy, there is nothing to worry about. Your proven edge will let you know how often you will be wrong vs right and that alone should be enough to give you a peace of mind. Attaching to that fear state will lead to devastating thoughts that can affect the next trade and the one after that ending...
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